The supervisory board of Dneprometiz has prolonged the office of the general manager Alexander Yakushev from January 1 till December 31, 2017. According to the company statement, the decision was taken on December 26. Yakushev has been the CEO of the company since April 1, 2014. Dneprometiz produces metal wares of low-carbon steel. It has…

State industrial corporation Rostec plans to ask the government to work with metals companies which have increased prices by about 30% YoY, CEO Sergei Chemezov reported. “We have a really big problem with metals companies. They have lifted the prices very high, by almost 30%”, he said. “One should not raise prices this fast. I…

NLMK Group, an international steel producer with operations in Russia, Europe and the USA, has signed an agreement for the purchase of the core process equipment for the construction of a new walking-beam reheating furnace to streamline the slab heating process at NLMK Pennsylvania (Farrell, PA, USA). The new furnace will replace 3 outdated pusher-type…

In November Dneprospetsstal produced 19.036 thousand tons of steel, down by 16.6% MoM. According to the company statement, it also produced 12786 tons of rolled metal, down by 6.2% MoM. The total cost of products manufactured in November reached 504.939 million UAH, down by 7.2% MoM. In January-November DSS produced 215.648 thousand tons of steel…

In October Russia imported 24.4 thousand tons of corrosion-resistant flat rolled steel, valued at $49 million, up by 8% MoM and by 38% YoY. 600+ mm wide sheet accounts for around 90% of the imports. Nickel contents in steel don’t exceed 2.5%. Some 28% of imports came from China. In October Chinese steel cost $1633…

The Belarus Iron and Steel Works has diversified deliveries of scrap this year by starting importing it from the European Union. According to the company CEO Alexander Savenyuk, Belarus doesn’t have enough scrap for metal companies and buys about 55% of the scrap used abroad. So far BMZ has received scrap from Denmark and Finland.…

The Dnepr State Court of Appeals has settled the long-time dispute between ArcelorMittal Kriviy Rih employees and the managers of the company. The court made the administration pay 1 million UAH of debts on the cost of sanatorium vouchers. But the AMKR managers applied to the Higher Commercial Court of Ukraine with a cassation claim.…

Shareholders of Ingulets Mining and Processing Works, a part of Metinvest, decided to pay 2.5 billion UAH of dividends. According to the Metinvest press-service, the shareholders decided to send a part of profit received before 2014 (1.524 billion UAH, or 0.55 UAH per share) and a part of profit received in 2014 (976.17 million UAH,…

The Ministry of energy and coal industry is working on a state program to develop coalmining, which presupposes the centralized sales of coal. In particular, the ministry plans to create the National coal company. It will comprise 40 state companies, including 28 state mines. After such a company is created, some 40 objects of the…

Azovstal Iron and Steel Works, a part of Metinvest, has started producing KR80 crane rails. The new products correspond to DSTU 2484 and GOST 4121 standards and are used to construct bridge cranes with high lifting capacity. Seaports, industrial enterprises and construction companies are among the consumers of such rails. The first 100 tons of…

Russian metals and mining group Mechel and the country’s second largest bank VTB have signed an agreement to delay debt redemption till April 2022. The company has also agreed to extend the repayment of 45 million euros of debt on trade financing until April 2022. Mechel CEO Oleg Korzhov said that the signing of the…